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Chinese shipbuilder Yangzijiang Shipbuilding has signed an agreement with Zhejiang Chankong Steel Pipe and Shanghai Puhe Metallurgy to set up a joint venture for offshore structure manufacturing.

The new company, Jiangsu Yangzi Chankong Offshore Equipment, will mainly produce offshore equipment for the oil and gas industry and offshore wind industry.

Yangzijiang believes that the new joint venture will complement and support the company’s shipbuilding business.

In the meantime, the shipyard is also disposing of its non-core business units having sold two subsidiaries in August.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.